Stocks · Basic Materials · Chemicals - Specialty
Air Products and Chemicals, Inc. APD
$277.57 +1.55% Close, Oct 2, 2026 · NYSE · Market cap $61.81B
Low risk
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $-0.21, down 103.0% year over year.
- Operating margin narrowed to -4.7% from 12.7% a year earlier.
- Net debt is 13.2× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Basic Materials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 48%
- EPS growth (TTM, YoY)Bottom 14%
- Revenue growth, 3-year CAGRBottom 47%
- Revenue growth accelerationBottom 42%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 32%
- Gross marginTop 38%
- Operating marginBottom 16%
- Accruals (lower is better)Top 17%
- Net debt / EBITDA (lower is better)Bottom 5%
- Interest coverBottom 16%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 37%
- Free-cash-flow yieldTop 47%
- EBITDA / enterprise valueBottom 27%
- Sales / enterprise valueBottom 16%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 47%
- 6-month returnTop 49%
- 1-year return vs S&P 500Top 49%
- Distance from 52-week highTop 13%
- Trend checklist (0–4)Top 42%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 49%
- Consecutive EPS beatsTop 12%
- Share of analysts rating BuyBottom 42%
- Upside to consensus price targetBottom 33%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 3%
- Maximum drawdown, 3 yearsTop 10%
- Beta vs S&P 500 (lower is better)Top 24%
- Net debt / EBITDA (lower is better)Bottom 5%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.7% | 4.5% | ↑ |
| EPS growth (YoY) | 37.4% | -103.0% | ↓ |
| Gross margin | 31.9% | 32.1% | ↑ |
| Operating margin | 12.7% | -4.7% | ↓ |
| FCF margin | -38.4% | 16.3% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 4.5% | 3.7% | ↑ | Bottom 48% |
| EPS growth (TTM, YoY) | -103.0% | 37.4% | ↓ | Bottom 14% |
| Gross margin | 32.1% | 31.9% | ↑ | Top 38% |
| Operating margin | -4.7% | 12.7% | ↓ | Bottom 16% |
| Net margin | -0.4% | 12.9% | ↓ | — |
| Free-cash-flow margin | 16.3% | -38.4% | ↑ | — |
| Return on invested capital | 0.1% | — | Bottom 32% | |
| Revenue growth, 3-year CAGR | -1.8% | — | Bottom 47% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -11.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -11.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 13.24×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -2.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.59%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 2.59%
- Share count change, 1 year
- -0.0%
- Share count change, 3-year CAGR
- +0.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 5
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +3.2%
- Average 2-day reaction, last 8
- +2.1%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $344.70
- Target vs current price
- +24.2%
- Analysts with a rating
- 42
- Share rating Buy or Strong Buy
- 52%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +3.9% | +2.0% | +0.3% | +4.2% | — |
| Apr 30, 2026 | +4.6% | -0.8% | -0.8% | -6.2% | -3.3% |
| Jan 30, 2026 | +3.9% | +6.4% | +10.7% | +7.7% | +18.1% |
| Nov 6, 2025 | +0.3% | +8.9% | +10.1% | +10.1% | +17.0% |
| Jul 31, 2025 | +3.3% | -0.8% | -0.4% | +1.5% | -12.1% |
| May 1, 2025 | -4.9% | +0.4% | -2.4% | +0.8% | +9.0% |
| Feb 6, 2025 | -8.6% | -1.5% | -6.8% | -6.7% | -16.7% |
| Nov 7, 2024 | +2.3% | +2.0% | +2.0% | +5.0% | +8.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $3.47 | $3.34 | +3.9% | $3.16B |
| Apr 30, 2026 | $3.20 | $3.06 | +4.6% | $3.17B |
| Jan 30, 2026 | $3.16 | $3.04 | +3.9% | $3.10B |
| Nov 6, 2025 | $3.39 | $3.38 | +0.3% | $3.17B |
| Jul 31, 2025 | $3.09 | $2.99 | +3.3% | $3.02B |
| May 1, 2025 | $2.69 | $2.83 | -4.9% | $2.92B |
| Feb 6, 2025 | $2.86 | $3.13 | -8.6% | $2.93B |
| Nov 7, 2024 | $3.56 | $3.48 | +2.3% | $3.19B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 20.6× | — | — | — |
| EV / EBITDA | 60.9× | — | — | Bottom 27% |
| EV / Sales | 6.27× | — | — | Bottom 16% |
| Free-cash-flow yield | 3.33% | — | — | Top 47% |
| Earnings yield | -0.07% | — | — | Bottom 37% |
P/E over the past five years
Range 19.1× – 41.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +3.3%
- Earnings per share growth (TTM)
- -103.0%
- Change in P/E multiple
- +65.8%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.3%
- 200-day average slope (20 days)
- +1.2%
- Distance from 50-day average
- -6.2%
- Distance from 200-day average
- -2.8%
- RSI (14)
- 36.9
- Relative volume
- 0.85×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 18.8%
- Volatility vs own 5-year history
- 14th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.74
- Correlation with S&P 500
- 0.41
- Current drawdown from 1-year high
- -11.7%
- Maximum drawdown, 3 years
- -31.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 13, 2022 | Feb 7, 2024 | -33.8% | 288 days | 174 days (Oct 16, 2024) |
| Feb 3, 2025 | Dec 9, 2025 | -31.7% | 214 days | Not yet recovered |
| Nov 10, 2021 | Mar 14, 2022 | -30.6% | 84 days | 183 days (Dec 2, 2022) |
| Nov 9, 2020 | Feb 5, 2021 | -19.0% | 60 days | 192 days (Nov 9, 2021) |
| Dec 2, 2024 | Jan 6, 2025 | -15.6% | 23 days | 18 days (Feb 3, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $61.81B
- EPS, diluted (TTM)
- -$0.21
- Revenue (TTM)
- $12.60B
- Dividend yield
- 2.60%
- 52-week range
- $229.11 – $314.87
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $10.32B | $12.70B | $12.60B | $12.10B | $12.04B |
| Gross profit | $3.14B | $3.36B | $3.77B | $3.93B | $3.78B |
| Operating income | $2.28B | $2.34B | $2.49B | $4.47B | -$877.0M |
| Net income | $2.10B | $2.26B | $2.30B | $3.83B | -$394.5M |
| EPS (diluted) | $9.12 | $10.08 | $10.30 | $17.18 | -$1.77 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.19B | $2.93B | $2.92B | $3.02B | $3.17B | $3.10B | $3.17B | $3.16B |
| Net income | $1.95B | $617.4M | -$1.73B | $713.8M | $4.9M | $678.2M | $710.4M | -$1.44B |
| EPS (diluted) | $8.75 | $2.77 | -$7.77 | $3.20 | $0.02 | $3.04 | $3.19 | -$6.46 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.34B | $3.23B | $3.21B | $3.65B | $3.26B |
| Capital expenditure | -$2.46B | -$2.93B | -$4.63B | -$6.80B | -$7.02B |
| Free cash flow | $877.7M | $303.7M | -$1.42B | -$3.15B | -$3.77B |
| Dividends paid | -$1.26B | -$1.38B | -$1.50B | -$1.56B | -$1.58B |
| Net share buybacks | $10.6M | $19.3M | $24.0M | $7.9M | $1.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $980.5M
- Total assets
- $40.45B
- Total liabilities
- $23.85B
- Total debt
- $18.16B
- Net debt
- $17.18B
- Shareholders’ equity
- $13.88B
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 1, 2026 | $1.81 | Nov 9, 2026 |
| Jul 1, 2026 | $1.81 | Aug 10, 2026 |
| Apr 1, 2026 | $1.81 | May 11, 2026 |
| Jan 2, 2026 | $1.79 | Feb 9, 2026 |
| Oct 1, 2025 | $1.79 | Nov 10, 2025 |
| Jul 1, 2025 | $1.79 | Aug 11, 2025 |
| Apr 1, 2025 | $1.79 | May 12, 2025 |
| Jan 2, 2025 | $1.77 | Feb 10, 2025 |
Short interest
- Shares sold short
- 4,066,833
- Days to cover
- 4.55
- Change vs previous report
- +0.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Oct 3, 2016
- 1,081-for-1,000
- Jun 16, 1998
- 2-for-1
- Mar 10, 1992
- 2-for-1
- Jun 6, 1986
- 2-for-1
- Jan 25, 1977
- 51-for-50